The purpose of requiring consideration is to demonstrate that a bargain has been struck between the parties to the contract.
Correct Answer:
Verified
Q40: A contract created under duress is
A) invalid.
B)
Q41: A contract that has no binding effect
Q42: Under certain circumstances the _ evidence rule
Q43: A fraud is an act intended to
Q44: A lawsuit for specific performance is an
Q46: Under certain circumstances, the innocent party can
Q47: Once the seller accepts an offer, if
Q48: A promise not to act by one
Q49: A contract that is in the process
Q50: Partial performance may never be accepted as
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